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in the back and forth on the fiscal cliff talks. the polls out, this is one from gallup. and the new york post shows this poll -- back to our topic, our question, do you support or oppose right-to-work laws? paul in utica, michigan, democrat. caller: i live in suburban detroit. i am a retired union worker, not automotive, by the way. i don't think my union is a thug in any way, but i think it's a sad day for the state of michigan. if the workers in this country cannot look to michigan like they always have, for a decent pay, and i think that is where we are headed, i just think it is a sad day. all the people who voted for these republicans, they are going to get what they asked for. this is what is going on here. i really sad about it. host: the car czar for michigan said it's a choice between your jobs and higher wages or more jobs and lower wages. ay we may end up with lower wages. it is a move in the wrong direction. i think we would have gotten more jobs year even without this. as the automotive and the economy grew here. i think it was on its way. i did not think we needed this. so, a do
-fire. as soon as we get past this fiscal cliff, president obama's going to meet with boehner again to talk about debt ceiling. >> any chance john boehner could have trouble with conservatives in the the house? he's signalling a weakness to possibly compromising on tax hikes and he tossed a few tea party types off key committees. could that come back to taunt him, anna? >> you know, i don't think so. i think it will help him. listen, membership has privileges. but leadership has that much more privileges. if you want to be the leader, you have to lead. you have to assert authority. he's had a hard time with his caucus and i think he's trying to move things, get things done. he needs people in his leadership, he needs people on his team, that are actually on his team. not against his team. so i would say to the folks that are not happy with the decisions he's made on membership of committees, you don't like the guy? oust him. but if not, he is the leader and it is his responsibility. but it also his prerogative to choose who he puts in what committees. >> finally, check out this photo. last night
and in perfect news but the truth is consumer confidence and the fiscal cliff talk could say have something to do with all of it. >> no doubt about it new survey out from reuters, michigan in early december we saw consumer sentiment drop to the lowest level that we have seen since august. that suggests, according to analysts that the increased taxes they are expecting from this fiscal crisis is weighing on consumer spending right now. the other side of this though, of course, is vice president biden went to a diner today to talk to some middle class folks and he basically said he has been talking to business leaders to say the converse of this is if there is a fiscal deal business leaders tell him the economy will be unleashed. take a listen. >> the upside is even bigger than the downside. they are ready to move they have well over a trillion dollars out there continue to vest if they think that the economy is going to move. >> and i have been talking to officials in both pears who say that has been the most surprising thing to leaders in washington here in private is that the markets have remain
, more fiscal cliff talks between the two most powerful men in washington right now. >>> plus, he was supposed to be parking an nfl star's car, but he made a bit of a detour. this is like ferris buehler's day off. amazing story. ♪ [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than manual brushes and even up to 50% more than leading sonic technology brushes for a superior clean. oral-b power brushes. go to oralb.com for the latest offers. oral-b power brushes. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. i just finished a bowl of your new light chicken t pie soup and it's so rich and creamy... is it really
have been a policy areas of the fiscal cliff talks. today the alternative minimum tax. hope i said that a. >> guest: something that was passed in the 1960s to animate a small group of high income individuals that were not paying any taxes. it did not have an inflation adjustment, so now the group has grown enormously and we assume in a budgeting sense the way we budget that this revenue will come in. it's not going to comment because if we allow the text if you can look at tens of millions of america. so we fixed it. i would hope in the next year we could have a permanent fix to get it out of the budgetary budget. same thing with what is called sgr, sustainable growth with medicare and medicaid. we patched these things over. let's figure out a way to get it out of the budgeting process so numbers can be something they can project forward realistically. >> host: is this a big deal? >> guest: it is. if we were to not get it then it would be a big deal. we raise taxes on millions of americans overnight. this is one of those things they don't take about because we never let it happen.
in the fiscal cliff talks. >> it doesn't come at an opportune time because of the fiscal cliff, both the talks and the idea we're short of money. traditionally, what this country has done is treated disaster separately. >> senators from the storm ravaged states believe the obama administration will propose roughly $50 billion in relief, far short of what the states want, $82 billion. >> is there that kind of money lying around? >> certainly not that kind of money lying around. it's such a complex time right now we're dealing with a host of issues. we're going over the fiscal cliffs. >> senator susan collins are facing budget cuts they would like to pay for the storm cleanup. the uncertain fate of the relief money comes little more than a month after the jaw dropping pre-rel pre-election image of president obama and governor christie shoulder to shoulder, a time when he promised to help victims quickly. >> i want you to cut through red tape. i want you to cut through bureaucracy. there's no excuse for inaction at this point. >> the white house said the president remains committed. >> there's no
to correct the record. but first during this talk about the fiscal cliff and about the tax cuts that sunset at the end of the year, all we've been hearing since the election is about what are we going to do about taxes? that's a very significant thing as a result of the last election because i think it's a foregone conclusion there's going to be more revenue raised. but if we raise the amount of revenue that the president wants raised and raise it from the 2% that he wants to raise it from -- the wealthy -- that's only going to run the government for eight days. so what do you do the other 357 days? or if you look at the deficit, it will only take care of 7% of the $1 trillion-plus deficit that we have every year. what about the other 93%? so the point being that we can talk about taxes and taxes and taxes, but it's not going to solve the fiscal problems facing our nation. we don't have a taxing problem. we have a spending problem. and so we should have been spending the last three weeks talking about how we're going to take care of the other 93% of the problem. the president should have de
bit about the fiscal cliff and that's something we've all been talking about recently, and what it means for us right now and the year ahead. we also have other business news. we'll get back to the president by the way if and when we get that feedback. he will be taking questions from the audience there of business leaders as gregg mentioned. elizabeth mcdonald ever the fox business network is standing by list toning some of what the president had to say about the economy. liz, can you place it in context about where our economy is right now. >> reporter: the president just now was placing it in the -- the economy in the broader context of what is going on in the world, mentioning asia, mentioning europe, and then he turned to what was the most important part of the speech, he started to speak and that is what is holding us back ironically is stuff that is going on in this town, and he also, the president also said, no one wants to get a deal done more than me. so he's trying to essentially give some encouragement to get the fiscal cliff deal talks ignited and going. and so this
cliff. what the president does not want to talk about. plus senator jim demint is here to tell you why he is leighing the senate. this is "special report." this is "special report." ♪ ♪ good evening >> good evening. i'm bret baier. much of the public debate focuses on taxes. democrat want to raise them on high earners. republicans don't. but there is another part of the equation that gets less attention. that is spending cuts. chief white house correspondent ed henry looks in to that tonight. >> reporter: pulling on the heart strings as if he were back on the campaign trail, president obama visited middle class family in virginia. >> a couple of thousand dollars means a couple months' rent for this family. >> once again, he was trying to frame the battle oaf the fiscal cliff as being all about taxes. with no mention of spending cuts. >> i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this one. that is good for the american economy. >>
leaders plan to handle social security as part of the fiscal cliff talks. later, more on the role of social security would the aarp and david john of the heritage foundation. "washington journal" is live every day at 7:00 a.m. eastern on c-span. an official with the department of housing and urban development brief the banking committee of the senate on housing programs that provide rental housing for over 3 million low-income families. she talks about proposals and simplifying operations and reducing cost and hud section eight programs. this is 40 minutes. >> i call this hearing to order. i would like to welcome the honorable senator sandra henriquez about the hud section eight program. millions try to afford everyday a roof over their head. currently, persons with a full-time job and earned about $18.50 per hour in order to afford a modest two-bedroom rental, is the national average. this is an amount far from minimum wage for the income provided by social security income. a further penalty is not just the problem of the largest cities in the country. the hud committee developme
the fiscal cliff, which i know you have been watching. you're very closely aligned with president obama having been the chair of the democratic national convention in september. i want to get your take on this. this is critical to your state. businesses in your state. taxpayers in your state. do you have any optimism that we may not go off the cliff? >> i do have optimism. there's no question about it. i think both sides understand that it's not in the nation's best interest for us to go off this cliff. people are tired of the partisanship. they want both sides to work together. they want them to do so in a balanced way. i agreed to join the stirring committee to fix the debt coalition and i have because the balance is that we have to make spending cuts. we have to address entitlements but we also have to make sure that we have the revenues that we need to make the investments that we need. education. infrastructure. transportation. research and development. workers training. all of those things are important things that we have to do. we have to get our spending in order as well. >> yo
and forth on the fiscal cliff. lots to talk about around the country. we will give you a chance to sound off and tell us what it means to you at 866-55-press. >> that's our toll-free number. big news on the media front today, it's been revealed fox news has put out the word we don't karl rove and dick morris to pop up on our air any more at least for a little while. no wonder because during campaign, they got everything wrong. you know, you have to be pretty extreme when your two right-wing even for fox news. karl rove and dick morris sayonara. today's latest current news update. lease a ferguson in our studio in los angeles. hi, lease a. good morning. >> hey, bill. good morning, everyone. let's start out with a couple of updates from the senate. first off, g.o.p. members have rejected a treaty from the united nations that would have banned discrimination against people with disabilities. that vote goes against a very impassioned speech from senator john kerry and against the wishes of former senator bob dole. mr. dole was logging to see this treaty pace
coast. and we are at 27. the number of days before the nation is going to slip over the fiscal cliff and that is what people are talking about. unfortunately, in washington they are not talking to each other about it. right now president obama is meeting with the washington business roundtable. that's just minutes after speaker boehner met with rank and file gop lawmakers and former speaker pelosi met with house democrats. they are all in each other's corners speaking amongst each other but all eyes are on the fiscal cliff. let's scoot over to the president. easy merging from that meeting with the washington business leaders. let's see what he has to say. >> jim, thanks for your leadership. you know, originally my team had prepared some remarks, they always get nervous when i'm out there on my own, never know what i might say. but given the dialogue that we had the last time, i thought it was useful for me to abbreviate my remarks, speak off the cuff at the top and then most of the time just having a conversation. let me begin by saying all of you in this room are not just business l
carolina three years ago. jenna: we've been talking about the fiscal cliff and the clock is ticking down until the deadline for that amid all the efforts to hammer out a deal on capitol hill. while some warn of the damagers going over a cliff the man known as one of the greatest 20th century advocates for a free market economy may have had a different take. his name was milton freidman, and his greatest concern was really just government, and too much of it. here he is in a clip from the 2006 documentary "1%." >> in the end we'd end up worse off. it would do harm not good. people don't pay those high taxes, they find ways of getting around it. you're never going to be able to stop them from finding ways to get around it. jenna: talking a little bit about taxes there. my next guest has written extensively about milton freidman. we wanted to ask him, what would milton do, one of the greatest economists. nobel peace prize winning economist. we have the author of the inch dense pensable milton freidman. what would he think about all of this. >> great to be with you. i'm sure if milton freidm
and social security should be part of negotiations on fiscal cliff. we will talk with john larson on how house democrats take on the issue and stephen ola and christina martin and david john of the heritage foundation, on the long-term solvency of social security. "washington journal" is live every morning on c-span at 7:00 a.m. eastern. >> the white house was very controversial as most americans were. >> it was designed for appellate, but americans were having a pellets. it was not particularly awe-inspiring. a european diplomat told the congress that it was neither large or are of the awe-inspiring nature. to . >> "new york times" critic kitty goldberg gathered photographs in history on sunday evening at 730 eastern and pacific on c-span3 american history tv. >> president obama this evening said the u.s. now recognizes the main syrian opposition group as the legitimate representative of its country's people. turkish journalism has reported that the new america foundation. two men have returned from the country into the to the west can do more to help the syrian people. [inaudible conve
of the talks we've heard about the fiscal cliff, we've heard about balance and new tax revenue. but we don't hear balanced a budget. i think -- balanced budget. i think this speaks to how bad the situation is in the federal government when both parties don'tage knowledge that. as for -- don't acknowledge that. as for what's going on, just downstairs from me, speaker boehner started throwing cold water on any report that the talks were moving ahead. yes, there have been an exchange of offers. he said the last couple of days, but he said his phone call last night was a frank discussion about just how far apart they are. with 19 days left until the deadline or nine days until the end of the world, if you are look at the mine cardinal, nobody knows which way -- calendar, nobody knows which way we are headed. >> isn't this part of the we're so far apart publicly. but suddenly, they will announce miraculously they've reached a deal? >> reporter: i think for those of us here trying to cover us, it's the hardest thing to try to figure out since you are not et going the inside part of this. how muc
john boehner why republicans met today to talk about the fiscal cliff and then are going to go home after the meeting and await for the president's response. here's what mr. boehner said. >> reporter: today's wednesday and the house is going to leave today with two days left in the week. i understand that you are saying that there's no legislation that's been on the floor. but when it comes to just pure optics of the house leaving with the fiscal cliff right in front of us -- >> i'll be here and i'll be available at any moment to sit down with the president to get serious about solving this problem. >> mr. speaker, does the conference perhaps realize that you don't seem to be negotiating in all of this? >> our members believe strongly that raising tax rates will hurt the economy. closing loopholes, especially on those who are wealthy, is a better way to raise this revenue than raising rates. because raising rates will hurt the very people that we're expecting to upgrade jobs in our country. >> all right. house speaker john boehner. let's head back to capitol hill and check in with d
to this extraordinary country that we inherited. that being said, before we talk about fiscal cliff, we are here because of the last fiscal cliff. since we had another fiscal cliff-type scenario that created the scenario and ridiculous idea that i voted against, put a bunch of things bad to happen at one time. surprise, it didn't work and we are facing this. there are two issues number one, avoid doing damage and avoid doing harm. and we need to look for a way to accomplish that in the short-term. and we have to, we have to have a conversation about getting the fiscal house in order. i heard bob talking about that. it is true. we spend $1 trillion more than we take in. it's a fact and we have to address it. i approach this issue with the following belief. the only way to get it in order is through rapid economic growth. no taxes you can raise to bring the debt down. what the president is offering is not enough but will make a dent on job creation, particularly middle-class job creation. i oppose his plan. we should do real tax reform. if there are loopholes, there is a loophole for being able to write o
talking about the fiscal cliff and this is framed around that point, in the new year, with the bush year tax cuts expire, there's a housing tax cut that's going to expire-- this is where we got with the bubble. could we be headed back there. explain what housing is going to expire. >> this is called the mortgage debt relief act. put in place in 2007. distressed home owners selling in a short sales. that principal has been forgiven, maybe they sold for $100,000, and maybe it was 150,000, the 50,000 they don't have to pay taxes on it. with this act expiring that means they're going to have to pay taxes. this is staggering, the average short sale looking at about $95,000 is lost when a short sale happens and looking at the taxes if this cut is expired. people owe as much as $33,000 on principal balance that nobody is recouping. >> the government says we need the revenue. will it bring revenue. >> technically 1.3 billion dollars in revenue not very much. i think the the implications of-- 1.3 billion dollars versus what this could do to the housing market, actually to the economy as a whole,
. >> alisyn: sure. well, the president says we can avoid the fiscal cliff, where is the compromise? we'll talk to chris wallace about that coming up. could the twinky be here to stay? one man trying to save hostess from extinction. ♪ o is for the only one i see ♪ ♪ v is very, very extraordinary ♪ ♪ e is even more ♪ [ male announcer ] you've reached the age where you don't back down from a challenge. this is the age of knowing how to make things happen. sowhy let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. >> good mor
] >> tomorrow we will talk about the latest out of the fiscal cliff negotiations. then a look at the lobbying going around the fiscal of negotiations by clients in washington. our guest is an up polymer. later, the response from the community. >> this week the new chairman of the governors' association. he talks about the so-called fiscal cliff, affordable care act and the groundwork for the elections. what newsmakers live sunday it 10:00 a.m. eastern on c-span. >> it was estimated that the land of hiroshima would cause our fishermen to be killed. >> as harry truman's grandson, i'd choose to honor both -- the sacrifice of american servicemen fighting their way through the pacific end of the door girl like sadoku who died as the result of an atomic bombing. it is unimaginable what that must have been like to be close to that of where that fireball originated. >> follow him on his journey to hiroshima sunday on c-span3. he joins us to discuss meetings with survivors and the inspiration for his trip at 9:00 p.m. eastern. >> next, we will look at the new communist party of leadership in china and
. we're talking about the so called "fiscal cliff" and our cameras have been covering all the events here in washington as both sides tried to negotiate their argument with. if you go to our web site, c- span.org, we have a special web pages at a side on the fiscal cliff and you can also send in your tweets. we will go to payton next in london, kentucky, a democrat. caller: thank you. i am one of the original baby boomers. i live in one of the poorest areas in the country, which is also heavily republican area of the country. i have always felt [indiscernible]. host: we are losing you. caller: this constant living curtailment from the republicans is a shameful way to protect the rich. host: we will leave it there. guest: he's right. our previous caller talked about he and his wife with a total income of $14,000 a year on social security, so he's right. he's not throwing money around. if you start to limit the cost of living to keep up with expenses, such as higher gas, higher rents, higher medical care,, and that makes it pretty tough. host: what are democrats willing to compromise o
sat down with ted turner. we talk about everything from nuclear iran to the fiscal cliff. you're a successful person. you have many different ventures. do you think you should pay more as a wealthy american? do you think you should pay more taxes? >> yes. >> how much? >> you know, whatever's reasonable. >> that interview airing this time tomorrow right here on cnn newsroom. people have doubts about taking aspirin for pain. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. visit fastreliefchallenge.com today for a special trial offer. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model year newer. call... and ask one of our insurance experts about it today. hello?! we believe our customers do their best out there in the world, and
. he is in masked -- enmeshed about the talks about the fiscal cliff. with that, gene sperling. >> thank you very much, neera. it is intimidating to have followed your panel. i like to be the first person and the panel says, "gene sperling says --" the president of harvard and glenn hutchins and susan molinari, who is down at google and partners with my life on issues of child trafficking. a special place in our home. i know a lot has already been said. i have been herded so i don't know if i'll be repeating it. i like to start by just reminding ourselves what is our end goal for economic policy because you hear a lot metrics on productivity and growth as it those were the ends in themselves. are we a nation in which the accident of your birth is not overly to determine the outcome of your life where there is a real chance for everybody to rise? are we an economy where growth strengthens? are we an economy and a country where people who work hard and take responsibility for their lives can work with dignity, raised her children with dignity, and retire with dignity? those are o
to a commercial break. we'll talk about our own dysfunctional people in washington, d.c., in this fiscal cliff. [ man ] in hong kong, on my way to the board meeting... anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. >>> this week, we made a good faith offer to avert the fiscal crisis. now, we need a response from the white house. we can't sit here and negotiate with ourselves. >> house speaker boehner saying that is president obama and the democrats to save you for being higher taxes. this fiscal cliff thing, the problem with the republicans, larry, is that they have been boxed in by the democrats into a difficult position where the polls confirm that the public in america bel
for digging into this stuff. we've got the debate about the fiscal cliff and the debt ceiling and we're talking in the trillions. before you can even get to the trillions, if you can't stop stuff like this, does the american public ever believe that washington is going to get its act together if you can't stop this 100,000 here, million there, all, of course, adds up to billions. if we can't stop the zombies, taxpayers paying for the zombies, how can we ever tackle medicare and social security? [laughter] megyn: that's the thing that makes people upset, julie. all right, if you're going to increase my taxes to help pay down the debt, help people in need, that's one thing, but if i'm going to be paying for zombies or for santa to ride the $250,000 sleigh, i object. >> i'm a little embarrassed. can you imagine being an employee and having to pretended to be a zombie? >> those were actors. >> i don't know about that. [laughter] i think they may have been dhs employees dressed up. charles is right, thanksgiving a little ri -- this is a little ridiculous. i understand what they're trying
. >> the whole thing about investing-- and obviously everybody's paying attention to the fiscal cliff. businesspeople i've talked to at this point are saying, listen, closing loopholes, raising rates, we don't care because if there is damage done there, it's much less than not reaching a deal. so reach a deal first. we don't even care anymore about this stuff, just get it done. but in terms of investing these days, you know, it's tough out there, of course. the idea is to be a contrarian, to think different. that's the only way, really, to get ahead over the long run. we have a story about jack bogel who has a company called vanguard, now $2.2 trillion colossus that he's built up by having low-cost index funds which people can't get their brains wrapped ar eped around, a really good strategy. we have a story about apple which is kind of the stock of our time. >> we asked the question, can you continue to be obsessed with apple stock? >> yes, i think you can. what's interesting about apple, and it's, again, sort of a contrarian position. a lot of people think the stock is really expens
that people don't even know what the fiscal cliff is. it shrinks rather than expands it. you don't spend. anti-keynesian has become the same politician involved in marriage and-- >> eliot: i distinguish between the two, the theological strand of the party is more of the social, same-sex marriage. >> i don't think there is as much distinction as you think there is. >> eliot: the second category, the tea part i began as economic empowerment. you're right. folks who say get government out of medicare, there is no logic to what they're saying. do youdo you buy it, but boehner is trying to harness and hold together that is fraught with inconsistencies. >> well, first of all i agree with sam. i think-- >> eliot: am i outvoted? i'm not sure that i like this. >> it's a distinction without a difference in the first two groups, and i don't think there is a third group left not with any power. do i think boehner is trying to rein in his caucus by sending a couple of rookie pitchers down to aa? if john boehner wanted control of his caucus he could discipline paul ryan whose crazy economic inside are ideas
on the edge of a fiscal cliff. we're live on this day of action. >> a hotel and a sexual assault case against a former patron. she is sworn to secrecy but talks about itmc> a pakistani girl targeted by the taliban. >> stay with us. abc 7 news at 6:0 ruq just 22 days to find a budget deal. and tonight no word any progress is being made in washington. the prch to do something is coming from around the country. abc 7 news is live where a rally is happening right now. mark? >> this rally breaking up, there are under people here earlier and have been rallies like this one today this, is breaking up. and it's been a day of action, really a day of pressure. pressuring the president and democratic members of congress to hold firm against atemtss to cut government spending in social security and medicare. the message for move on progressives cut the tax cuts for the wealthyest americans, and do not cut social security and medicare benefits. >> we have to make sure we tax the rich. people making over $200,000, people over 200,000 a year should be able to pay more to get ous out of this econ
. nothing major is all light but it is making the roads dam. we will be right back. if the fiscal cliff negotiations and the president obama continues to push for his plans to avert a fiscal cliff. he will hold a conference today with a bipartisan group of mayors and community leaders to talk about preventing an income tax increase on middle class families while finding a way reduce the deficit. president obama and house speaker baker had a private phone call last night or republicans presented a counteroffer to the president. so far president obama and republicans and not able work out a budget compromise. they appear to be getting closer and how much to cut from the federal budget and how much tax revenue to raise. at the same time we're here from house democrats that the deal may not be done by christmas. >> and world news north korea's launch of a long- range rocket and satellite is sparking international outrage this morning. the white house is calling the launch " a highly provocative act that threatens regional security on " south korean and japanese officials think the launch is
of negotiations over what is called the fiscal cliff. also, don't forget to explore the history and literary culture of new york capital city of albany this weekend. book tv is on c-span2 and american history to be on c-span three. >> coming up at 7:00 c-span will be lot of discussion unskilled immigrants. virginia senator mark warner is sponsoring a bill to allow more highly skilled veterans and to the u.s. >> we have had these this the five explosions of knowledge in madison, but we have not coordinated care. all the services that we have end up having some any cracks that the cracks are as harmful as the diseases that we are treating. we have to step back and ask, you know, are we hurting people overall? and income on a global level where we doing some times? and, of course, now we have to these reports saying 30 percent of everything we do may not be necessary in after. we will be step back, 30 percent of all the medications we prescribe, the tests we order, the procedures. this is something, i think, which is for the first time really being called out as a problem. >> dysfunction in the
% now and therefore avoid the fiscal cliff and put off for now the top 2%. and the question then, let the debt ceiling not take effect. a tax cut delayed i argue is a tax cut avoided. joining me with the republican defense highly tauted fan of the eagles, ed rendell and alex wagner of msnbc's "now." governor, i want you to read what's going on here. first speaker boehner defended the gop's tax proposal saying it does take a bite out of the rich but president obama held firm to tax rate hike on the wealthiest. let's listen to the back and forth. >> revenues we're putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates, which we believe will harm our economy. >> let's allow higher rates to go up for the top 2%, that includes all of you, yes. but not in any way that's going to affect your spending, your lifestyles, or the economy in any significant way. let's make sure that 98% of americans don't see it -- a single dime in tax
and talk one-on-one to try to work out this fiscal cliff situation but both sides appear to be very far apart still. >> it should be no substitute for our passing a middle income tax cut now. >> there are ways to limit deductions, close loopholes and have the same people pay more, more of their money to the federal government without raising tax rates. >> they will lose completely by the end of the year their benefits. this is the real cliff. martha: all right. we're joined now by chris wallace, anchor of "fox news sunday". chris, good morning. good to see you. a lot of hubbub today about the fact that john boehner and the president are going to sit down one-on-one. there is a lot of optimism i heard from many circles this morning that this means something is going to happen, that something will get done. should we believe that? >> well i wouldn't be that optimistic. i have a memory at least as long as august of 2011 when the two them sat down together and were negotiating the debt debacle. that didn't go so well. martha: no, it did in the. >> it completely fell apart. it is good they'
itself as it tries to negotiate an approach toward the fiscal cliff. fox news, with all its stunned punditry on election night is not amused. the network confirms karl rove will only be allowed on air after producers receive permission. ditto, dick morris, the republican cheerleader still waiting to the romney/ryan call. gentlemen, don't sit there waiting in vein. there's a seat right here across the street with your name on it. come on. [ emily jo ] derrell comes into starbucks with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring home to him and then just gave him a little bit of help finding his way. ♪ [ laughs ] [ applause ] i love you. i love you, too. yofor giving the perfect gift?le just have a knack i love you. they put real thought into it. and find just... the right...thing. how do they do that? more saving. more doing. that's the power of the ho
really wants to avoid sending the economy over the fiscal cliff, he has done nothing to demonstrate it. the position of congressman tom cole, that the party should agree immediately to extend the bush tax rates for americans making less than $250,000 a year is the best of a bunch of bad choices for the gop. >> the g 0 op is boxed in saying it's a terrible position because by default democrats get what they want. a big bargaining chip for house republicans is they need congress to raise the debt ceiling before the end of february when analysts estimate the treasury would run out of options and hit the borrowing cap. no deal is reached. closer to the deadline and today they will argue that's bad for business. help in supporting an approach without drama or delay a. >> we can't be going through another debt crisis, debt ceiling crisis like in 2011. that has to be dealt with. >> the president of the business roundtable has said congress should raise the debt ceiling enough for the next five years to avoid uncertainty. clearly that's something that won't happen. short term spending cuts sho
for christmas. house speaker john boehner warns house members not to make plans for the holidays as the fiscal cliff is at a stand still. he and the president have serious differences. we will get reaction from the white house and talk with senator robert menendez and labors pay back plan and reports labor unions have a large offensive setting sights on key republican governors. they have the staff to get ready for the fight ahead. they have the hit list. get. well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors with responsible... solutions that strengthen medicare and... social security for generations to come. we can do better than a last minute deal... that would hurt all of us. they see more than themselves. look in the mirror, so we celebrate our year-end with the "share the love" event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities.
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